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To: Nemer who wrote (48242)	7/22/1998 12:42:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (3) \| Respond to of 58727

PFE really popped something may have come out here is an article but I dont think this is it because the timing was earlier o: +Hunter Vann (4534 ) From: +Anthony Wong Wednesday, Jul 22 1998 12:39PM ET Reply # of 4535 Pfizer to Sell American Medical Systems for $130 Million Bloomberg News July 22, 1998, 11:17 a.m. ET Pfizer to Sell American Medical Systems for $130 Million New York, July 22 (Bloomberg) -- Pfizer Inc., the second- largest U.S. drugmaker, agreed to sell its American Medical Systems unit for $130 million to E.M. Warburg, Pincus & Co. LLC as part of its plan to divest all of its medical technology businesses. American Medical Systems, based in Minnetonka, Minnesota, manufactures and sells devices for treating urological problems, such as urinary incontinence and erectile dysfunction. The unit had sales of about $90 million last year. New York-based Pfizer in February said it might sell or spin off its medical technology group as it focuses on its more profitable drug business. Chief Financial Officer David Shedlarz said Pfizer's continuing to explore options for Howmedica, its remaining medical technology unit. ''Our decision to divest American Medical Systems gives this business and its employees new opportunities for growth,'' said Chairman and Chief Executive William Steere Jr., in a statement. The transaction with closely held New York-based Warburg Pincus, an investment bank with holdings in several medical device companies, is expected to close later this year, Pfizer said. Pfizer fell 1 3/4 to 112 3/8 in late morning trading. --Deborah Stern in the Princeton newsroom (609) 279-4034/rmk ------ Previous Respond